Thanks for the info OP.

Lets just watch everything around us fall apart,thats seems to be whats happening.

And everyone who thinks everything is all fine,you just keep on thinking that.

Cheers

There are two curtains. Curtain 1 and Curtain 2.

Even if you feel there is no difference between Democrats and Republicans, there is no curtain 3. I agree that the differences are minor between Democrat and Rebpublican because they all head in the same direction. Which further backs up my claims that we are dealing with a SYSTEMIC problem.

IN other words, the system has failed. We know economic systems based on borrowing fail because they generally enter a mathematical period of unpayable debt. The debt just gets shuffled. In the case of the banks the debt did not go away, it was just shuffled to the US government/tax payer.

That is why Israel of old used a Jubile year to settle debts ever 50 years. It is just a mathematical problem. Now you could argue that countries such as China that have a financial surplus disprove that theory, but I can also show you how over the past 30 years that there was a systemic industrial shift toward China warranted by no other reason than politics and that China used currency and trade manipulation to come out on top.

Either way you look at it, the US comes out holding the bag on the worlds (banks) debts by either money spent on them TARP or by guarantees of faith and credit. The US dollar itself being used as a bench mark currency for trade.

Now a group wants to pull the dollar as a bench mark currency for trade including Russia and China and create a basket of currencies. Well, the US used its faith and credit to prop up the world economy over the past 20 years so that makes me a bit skeptical. In fact, the US dollar has become the whore of all the earth, everyone using the whore equally. (kind of reminds us of the biblical prediction of the whore falling in an hour and great is the fall of it- but that is just whacko prophecy right).

So anyway, yes the US dollar is the whore that keeps it all going. The anti-whore is Gold but gold is also problematic. I mean you could use sea shells for currency if you wanted to if everyone agreed on their base value. Up to about 3 years ago, gold was considered mostly an industrial metal not an investment metal except for coin and jewlery dealers. It has only become an investment vehicle in the past 3 years but it is still an investment vehicle just like any other (stocks, currency, bonds, commodities, etc.) therefore it is subject to raids. The price of gold is subject to plummeting just like anything else due primarily to market exit.

Market exits then have become the subject of asymetric warefare inquiry of recent times.

Hummm... asymetric war? So, that's right. Somebody is waging war against the US and instead of using bombs they are using financial raids. NOW you can begin to get to the bottom of the story taking this outlook. But WHO is launching the raids? That is what I will leave you to figure out.

But now that you know we have been subject to raids, our whole economic situtation takes on new meanings because I can assure you that not every US Congressman is smart enough to figure this out. Therefore, even if they do launch spending cuts (in defense for example), then they could play right into the hands of these raiders!

In other words, the whole of the last 4 years (and more) have been a set up. It is mostly artificial warfare being brought against the US.

In that light, why is it we are under attack you might ask? That is the real story here. Finance is just a tool of the most current form of war. What Americans need to start asking themselves is why the interest in taking them down? Why the infiltration into banking and politics? Why the planned raids? What is the real end game of this?

So the regulators are trying to get to the bottom of the mortgaqe crisis for both the foreclosed homeowners and so forth. This is understandable but with the plans by the banks just now being released, we can imagine that they have been covering up information for the past 3 years. They still might be covering up information.

Obviously some people have been foreclosed on outside of legal procedures. That is part of the investigation.

The problem is that we are 3 years into the crisis and we are just now getting into a real investigation. This shows the lack of experience and business sense of the current Administration. The last 3 years have been a disaster.

So I don't hold that the Democrats and Republicans are alike. They are not alike. Harry Reid has not had a budget (required by law) in the past 2 years. Obama hasn't cared either.

They (Reid and Obama) only have basic grasps of constitutional law, economics, culture and financial structures but yet have touted law making that can not possibly be supported by the US economic system.

I am ready to side with Democrats and Republicans that want full disclosure from the banks. We all know we are in a world of #. Everyone knows it. The foreign governments know it. The American people know it (or at least can sense it).

This whole OP has been on target from the get go but yet even on ATS we find people who can't handle the truth.

Hey, if anyone wants to make some cash in a second housing bubble, buy some shares of SRS or FAZ. These are inverse ETF's for the financial sector and real estate, so if the market goes down, they go up. From September 19, 2008 to November 21, 2008, SRS increased by 280%.

Not saying that I want it to happen, but if it does happen, might as well help earn some cash for your family... at the bankers expense

Just to put a face on the 4,000,000; I am one of them and here's my story. In 2006 I was a contractor working for a developer converting condos. He convinced me I needed to buy a house for the tax breaks if nothing else.

My wife and I had three kids at the time. My boss said to stretch to the limit of my credit. Everything was going up. He was going tO give me points in his business.

That same year we had a surpass daughter. BC is not flawless. In 2008 the condo biz tanked. I went out on my own and was just making it. My wife is a speech therapist making $45/hr.

In 2010 my 2nd son was born bringing the number of children to 5. There is a saying in Greek, my mother reminded me, that every child is born with a loaf of bread under his arm. In other words, have faith. Children are a blessing.

4 months into my baby's life, he contracted an unknown virus that attacked his blood and liver. Some kind of autoimmune response was klling him. In spite of having " full coverage" our medical bills began to pile up. At the same time, my wife was forced to miss about three months of work.

We got a couple months behind on the mortgage. With the charity of friends, our church and family, we were able to meet our monthly bills again. One hitch, the bank would not take our mortgage payments any longer unless we paid the 2 months in arrears plus penalties and interest. They said they could not qualify for TARP funds if we were not "significantly behind."

In otherwords, they stood to make more money if we defaulted. The federal govt would pay them the entire amount for our bad mortgage AND they got to keep the deed.

We tried in vain to qualify for their programs. We sent package after package of tax returns, profit and loss statements and net worth statements. Each time they "lost" our documents or a new person was assigned to our account. We pleaded to make payments. They refused to take them. They continued to make request for 50 page faxes of the same info we had sent countless times.

Finally, we hired a third party company to negotiate on our behalf. In the meant time, between the increased cost of living and the continuing medical bills, we have put away little money.

I have worked since I was 15. I was brought up to pay my bills but to also take reasonable entrepreneurial risks. Today it feels as if the deck is stacked against us. I know our story is common and millions of Americans and Europeans are in the same position.

Here's the bottom line. We did not enter into our mortgage with the intention of making a profit. We certainly had no intention of defrauding anybody. We never could have predicted the market collapse or medical issues. I am willing to work my ass off the rest of my life.

What is immoral is not our inability to meet our obligation. It is the fact that the govt made deals behind closed doors to buy our mortgage from our bank and get nothing in return except finding itself on the brink of failure while banks post record profits, sit on vast reserves of cash and pay their executives obscene salaries and bonuses.

All I am left with is my unwavering faith in God as I understand Him and the love of my wife who has remained steadfastly faithful.

God bless us. Long live anonymous! Fkn A!

Wait I don't get it..people really think this is just a conspiracy and a lie? I mean seriously you people need to wake up and do some research, Obama can tell you it's fine all he want's, but we're almost at the same outcome Greece ended up at. As a matter of fact you can probably use Greece as a look into our future, because I damn well hope we Americans riot like they did if the Government decides to take up a bailout.